Devotion Capital Management

10/17/2026

$17 billion in revenues? Seems like a very small number relative to Anthropic’s $2 trillion price.

We predict this will not end well.

Devotion continues to buy comparatively boring companies selling at reasonable valuations.

We anticipate that our clients will be better served by this approach.

A new investor presentation now has once-faithful backers doubting Anthropic can ever hit its lofty $2 trillion target.

10/13/2026

138% premium and our largest holding. We are thrilled to have Bumble be acquired by its founder and Ithaca. More importantly, it proves that you only need one event to prove your valuation and ownership of a company was a smart move - despite the market saying otherwise for an extended period.

Bumble Shareholders to Receive $6.05 Per Share in Cash Representing a 138% Premium to the Unaffected Share Price Bumble Inc. (NASDAQ: BMBL) (“Bumble” or “the Company”) today announced that it entered into a definitive agreement to be acquired by Ithaca Holdings (“Ithaca”) in an all-cash ...

10/13/2026

One of our larger holdings. Excellent news. Awaiting a proposed price!

Shares of Bumble were skyrocketing on Monday, up more than 50% ahead of the closing bell, following a report in The Wall Street Journal that the company was in adv

08/26/2026

I have a bridge to sell you! Er, I mean… a galaxy!?

This kid raised (and lost) billions with this pitch. Meanwhile, Devotion is buying stock for clients in businesses with great balance sheets that generate cash earnings. Quaint notions that always come back into fashion.

Beware hucksters like this! They have always been with us. Different pitches, same result.

A 24-year-old investor hailed as a visionary attracted billions—before turning into Wall Street’s latest cautionary tale.

07/18/2026

https://www.barrons.com/articles/buy-subaru-stock-price-pick-35aaf843?mod=hp_STOCKPICKS_2

The U.S.-listed shares of the cash-rich company look like a bargain, trading below $8.

07/15/2026

Another buyout offer for one of our portfolio companies!

PayPal, the struggling payments processor, rallied in premarket trade on Wednesday on a report that rival Stripe is teaming up with private-equity group Advent International on a bid.

07/08/2026

“That tells you that these companies are afraid… Public companies love good news. If they had good news why wouldn’t they share it? That’s because they only have bad news here (in their AI businesses).”

Ed Zitron joins ‘Squawk on the Street’ to discuss OpenAI, Anthropic...

06/24/2026

It’s always great to wake up to a buyout notification on one of our portfolio companies.

Devotion Capital has only owned shares of InMode (NASDAQ: INMD) for a few days. Talk about quick validation of our value investing approach.

InMode is an Israeli medical device manufacturer focused on minimally invasive aesthetic and wellness procedures. The company is solidly profitable and has a mountain of cash on its balance sheet.

This morning, the company confirmed that its board received an unsolicited, all-cash merger proposal at $16.20 per share, representing a 21% premium to yesterday’s closing price.

The fact that this is an insider-led bid—backed by co-founder and CEO Moshe Mizrahy—provides immediate fundamental validation of the deep value we saw in the business.

That said, we think the offer is a little low.

Capitalizing on hated or overlooked valuations pays off when the market is forced to recognize the value of a rock-solid, debt-free balance sheet and a business trading well below its intrinsic worth.

The stock is up double digits today as the board forms an independent special committee to review the proposal. While the ultimate outcome remains uncertain, one thing is clear: the value was there before today’s announcement.

What we got today is recognition of that value!

We will gladly take the market’s sudden wake-up call on this asset.

Stay tuned…

Disclosure: The author and Devotion Capital clients own shares of INMD.

06/23/2026

No additional comment required…

06/19/2026

Posted today… perfectly said despite the typos!